财信证券：晨会纪要-20241112

Market Overview - Major indices opened lower but closed higher, with the ChiNext Index leading the gains throughout the day [4] - The overall A-share market saw a significant increase, with the total market capitalization of the Shanghai Composite Index reaching 6550.19 billion yuan and a PE ratio of 12.10 [1][4] - The technology sector, particularly semiconductor stocks, showed strong performance, driven by expectations of accelerated domestic chip production [4] Economic Indicators - The People's Bank of China reported that as of the end of October, the broad money supply (M2) was 309.71 trillion yuan, growing by 7.5% year-on-year [8] - The October loan balance reached 254.1 trillion yuan, with a year-on-year increase of 8% [8] - The small and medium-sized enterprise development index rose by 0.3 points in October, marking the largest increase of the year [9][10] Industry Dynamics - The MPS Chip Source System's global R&D and testing base project was launched in Chengdu, expected to become Asia's largest center for analog and mixed-signal integrated circuit R&D [17] - The USDA's November global agricultural supply and demand report adjusted global wheat production upwards by 650,000 tons to 795 million tons, while soybean production was reduced by 3.52 million tons to 425 million tons [18] - In October, China's automobile sales reached 3.053 million units, a year-on-year increase of 7%, with significant growth in the new energy vehicle sector [19][20] Company Updates - Marubi Biotechnology Co., Ltd. announced a cash dividend of 0.25 yuan per share, totaling 100.25 million yuan, based on a total share capital of 401 million shares [22] - The company Xidi Intelligent Driving has applied for a listing on the Hong Kong Stock Exchange, focusing on commercial vehicle autonomous driving technology [27] - The domestic GPU unicorn, Moore Threads, is preparing for an IPO on the Sci-Tech Innovation Board, having recently completed a shareholding reform [21]